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☆ PC market will probably look better in second half of 2023, says financial services firm
▼ + stars: | 2023-01-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPC market will probably look better in second half of 2023, says financial services firmLouis Miscioscia of Daiwa Capital Markets discusses Intel's 2022 fourth quarter earnings and the outlook for the PC market.

☆ Samsung Q4 earnings guidance preview: Memory prices to weigh on profit
▼ + stars: | 2023-01-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Samsung has faced pressure from plunging memory prices which has impacted its key profit driving DRAM and NAND business. Samsung's profit could nosedive when it reports fourth-quarter earnings guidance this week as prices for key memory chips continue to plunge amid weak demand. That would be a near 50% fall versus the fourth quarter of 2021. The pessimism stems from a rapid fall in memory prices. NAND and DRAM prices fell sharply in the fourth quarter due to a lack of demand for the products they eventually go into, such a PCs.

☆ Stocks making the biggest moves midday: Wynn Resorts, Microsoft, Honeywell, Salesforce and more
▼ + stars: | 2023-01-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018. Check out the companies making the biggest moves midday:Wynn Resorts — The casino operator's stock jumped nearly 7%, building on its solid start to 2023. Salesforce — Shares of the cloud-based software company jumped more than 3% after Salesforce announced that it is cutting 10% of its personnel and reducing some office space as part of a restructuring plan. Celanese — The global chemical and specialty materials company jumped more than 6% after being upgraded by RBC Capital Markets to outperform from sector perform. The firm cited the solar company stock's "steep drop from the initial euphoria created by the Inflation Reduction Act."

☆ Tesla falls on growing angst over Musk's focus on Twitter
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +1 min

Tesla's shares hit a more than two-year low of $140.86. Evercore ISI, which slashed its price target on the company's shares to $200 from $300 said investors fear damage to the Tesla brand. Daiwa Capital Markets also cut its price target to $177 from $240, citing a "higher risk profile from the Twitter distraction". Analysts at Oppenheimer downgraded Tesla's shares on Monday. The price target cuts come ahead of Tesla's quarterly deliveries report expected in early January amid weakening demand in China.

☆ Fed to lift rates by 50 basis points, but peak policy rate may be higher
▼ + stars: | 2022-11-18 | by ( Prerana Bhat | ) www.reuters.com time to read: +4 min

U.S. consumer price inflation unexpectedly fell below 8% last month, bolstering already well-established market expectations the Fed would go for smaller rate hikes going forward after four consecutive 75-basis-point increases. Peak rate forecasts ranged between 4.25%-4.50% and 5.75%-6.00%. But 16 of 28 respondents to an additional question said the bigger risk was that rates would peak higher and later than they expect now, with another four saying higher and earlier. "While markets are focused on peak inflation, underlying inflation trends are persistent. This could force the Fed to keep raising the federal funds rate well into next year and beyond levels currently anticipated," said Philip Marey, senior U.S. strategist at Rabobank.

Nov 17 (Reuters) - Activision Blizzard (ATVI.O) said on Thursday it would suspend most Blizzard game services in mainland China once its current licensing agreements with NetEase (9999.HK) end in January. California-based Blizzard said new sales would be suspended in the coming days and players would receive further details. The absence of Blizzard games could cause a 6-8% drop in NetEase's revenue next year, analysts from Daiwa Capital Markets wrote in a research report on Nov. 9. The estimate is founded on the basis that licensed games account for around 10% of NetEase's total revenue and Blizzard accounts for 60-80% of licensed games. "We are looking for alternatives to bring our games back to players in the future," Blizzard President Mike Ybarra said in the statement.

☆ Blizzard will pull ‘World of Warcraft’ from China as NetEase deal ends
▼ + stars: | 2022-11-17 | by ( ) edition.cnn.com time to read: +3 min

Blizzard Entertainment said Thursday it will no longer offer games such as ‘World of Warcraft’ and ‘Hearthstone’ in China from next year once its deal with NetEase (NTES) ends, prompting shares in the Chinese internet giant to tumble. The games to be suspended include “World of Warcraft”, “Hearthstone”, “Warcraft III: Reforged”, “Overwatch”, the “StarCraft” series, “Diablo III”, and “Heroes of the Storm.”According to NetEase, the recently published “Diablo Immortal,” co-developed by NetEase and Blizzard, is covered by a separate long-term agreement, allowing its service to continue in China. The absence of Blizzard games could lower NetEase’s revenue by 6-8% next year, Daiwa Capital Markets wrote in a research report on Nov. 9. Blizzard Entertainment said upcoming releases for “World of Warcraft: Dragonflight,” “Hearthstone: March of the Lich King,” and season 2 of “Overwatch 2” will proceed later this year. “We are looking for alternatives to bring our games back to players in the future,” Blizzard President Mike Ybarra said in the statement.

A representative for FTX did not immediately respond to requests for comment on the deal or the SEC investigation. FTX and Binance did not disclose the terms of their agreement, and markets face fresh uncertainty over whether it will proceed. REUTERS/Dado Ruvic/Illustration 1 2Prior to the Binance proposed deal, Bankman-Fried approached cryptocurrency exchange OKX on Monday morning about a deal, but the exchange declined to move forward. "It has been a truly a devastating year for the industry," said Ryan Wong, a senior researcher at crypto exchange Huobi. "This could be a major source of risk to crypto markets," Lai wrote.

☆ Investors dump Lyft on signs Uber is snatching market share
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

[1/2] A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California, U.S., May 13, 2020. REUTERS/Mike BlakeNov 8 (Reuters) - Lyft Inc (LYFT.O) shares sank 20% on Tuesday on signs that competition from bigger rival Uber (UBER.N) was stalling user growth and eating into the market share of the ride-hailing firm. When rideshare ground to a halt during lockdowns, long-time market leader Uber's delivery business had given it an edge over pureplay Lyft. read more"While we think Lyft will remain the second-largest ridehailing platform in the U.S., we are now assuming Uber will slightly increase its market share over Lyft during the next few years," Morningstar analyst Ali Mogharabi said. Lyft lost market share to Uber in the third quarter, disappointing investorsHowever, a cost-cutting drive should help ease some of the pressure and help boost Lyft's profitability, according to Daiwa Capital Markets analyst Jairam Nathan.

☆ SK Hynix's production growth could be negative next year, says analyst
▼ + stars: | 2022-10-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSK Hynix's production growth could be negative next year, says analystSK Kim of Daiwa Capital Markets discusses SK Hynix's announcement of a capex cut and the company's plans to reduce production.

Governor of the Bank of England, Andrew Bailey, speaks during the Bank of England's financial stability report news conference, at the Bank of England, London August 4, 2022. And what they can't allow is for the bond market to be overly volatile," said Iain Stealey, CIO of fixed income at JPMorgan Asset Management. U.S. and German 30-year borrowing costs are up just 16 and 33 bps respectively , this month and the contrast highlights the scale of selling gripping Britain's bond market. The unprecedented bond market moves triggered hefty collateral calls on hedging strategies that many funds are still struggling to meet. Bond market volatility has also raised doubts about whether the BoE can press ahead with its plan to sell some of its bond holdings, a process known as quantitative tightening (QT).

Register now for FREE unlimited access to Reuters.com Register"We have announced that we will be out by the end of this week. "My message to the funds involved and all the firms involved managing those funds: You've got three days left now. Investors are nervous that Friday's halt to the BoE's bond-buying might come too soon for some pension funds. But a BoE spokesperson said it had been made "absolutely clear in contact with the banks at senior levels" that the Friday deadline would hold. On Wednesday, it said it was "closely monitoring" liability-driven investment (LDI) funds, which are key to pension funds, ahead of Friday's deadline.

☆ Barclays sees buying opportunity in these stocks, including one that could roughly double
▼ + stars: | 2022-09-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

One of those stocks, Five9, could see 98% upside, according to the firm's price target. In addition, the stocks had a 14-day RSI (or relative strength index) below 35, as of Sept. 7. Splunk and FedEx followed, with both names potentially seeing 59% gains, according to Barclays' price targets. The stock has 39% upside, as well as a 14-day RSI reading of 30.5, according to Barclays' price target. Another tech name, Salesforce , is down about 35% year to date, but has 32% upside, according to Barclays.

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